Texas Instruments (TXN) Stock Analysis

November 11, 2026

This is a peer-relative look at Texas Instruments (TXN): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Semiconductors & Semiconductor Equipment peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Texas Instruments (TXN)
Profile Item	TXN
Name	Texas Instruments Inc.
Country/Region	United States
GICS Sector	Information Technology
GICS Industry Group	Semiconductors & Semiconductor Equipment
GICS Industry	Semiconductors & Semiconductor Equipment
GICS Sub-Industry	Semiconductors
Market Capitalization	253.58 billion USD
Currency	USD
Exchange	Nasdaq
Listing Date	June 1, 1972
Security Type	Common Stock

Price Performance

Cumulative Growth

TXN

GSPC

Texas Instruments (TXN) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Texas Instruments (TXN) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Texas Instruments (TXN) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Texas Instruments (TXN) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: TXN	Industry group median
Total Return (1Y)	86.19%	35.06%
Total Return (3Y, Annualized)	30.37%	22.14%
Total Return (5Y, Annualized)	12.03%	7.43%

Risk Profile

Drawdown History

TXN

GSPC

Texas Instruments (TXN) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Texas Instruments (TXN) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Texas Instruments (TXN) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: TXN	Industry group median
Volatility (1Y, Annualized)	44.27%	73.97%
Beta (5Y)	1.40	1.84
Max Drawdown (5Y)	-33.41%	-64.62%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. TXN is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Texas Instruments (TXN) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: TXN	Industry group median
Sharpe Ratio (1Y)	1.85	0.42
Sortino Ratio (1Y)	3.15	0.61

Profitability

ROE (TTM)

Texas Instruments (TXN) posts ROE of 39.72%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

TXN

Semiconductors & Semiconductor Equipment industry group

39.72%

Group distribution

Max: 52.82%
TXN: 39.72%
Q3: 22.26%
Median: 10.58%
Q1: 1.29%
Min: -16.89%

Largest peers

NVDA: 117.21%
SKHY: 92.54%
MU: 88.26%
AVGO: 44.25%
TSM: 41.86%
TXN: 39.72%
AMD: 11.96%

Where Texas Instruments (TXN) stands on ROE within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Texas Instruments (TXN) keeps 34.25% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

TXN

Semiconductors & Semiconductor Equipment industry group

34.25%

Group distribution

Max: 63.80%
TXN: 34.25%
Q3: 28.36%
Median: 11.44%
Q1: 0.90%
Min: -37.77%

Largest peers

SKHY: 70.27%
MU: 63.80%
NVDA: 63.66%
TSM: 51.12%
AVGO: 42.94%
TXN: 34.25%
AMD: 16.77%

Where Texas Instruments (TXN) stands on net margin within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Texas Instruments (TXN) turns 47.55% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

TXN

Semiconductors & Semiconductor Equipment industry group

47.55%

Group distribution

Max: 58.66%
TXN: 47.55%
Q3: 30.23%
Median: 15.91%
Q1: 7.54%
Min: -25.74%

Largest peers

MU: 80.68%
SKHY: 79.66%
NVDA: 66.24%
TSM: 58.66%
AVGO: 54.31%
TXN: 47.55%
AMD: 21.17%

Where Texas Instruments (TXN) stands on operating margin within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Texas Instruments (TXN) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: TXN	Industry group median
ROE (TTM)	39.72%	10.58%
ROA (TTM)	14.85%	4.85%
Net Margin (TTM)	34.25%	11.44%
Operating Margin (TTM)	47.55%	15.91%
Gross Margin (TTM)	60.24%	49.36%

Growth

Revenue Growth

Texas Instruments (TXN) grew revenue 13.05%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Texas Instruments (TXN): Revenue Growth across different time periods, set against Semiconductors & Semiconductor Equipment industry-group medians.

EPS Growth

Texas Instruments (TXN) grew earnings per share 4.81%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

Texas Instruments (TXN): EPS Growth across different time periods, set against Semiconductors & Semiconductor Equipment industry-group medians.

Growth Metrics

Texas Instruments (TXN) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: TXN	Industry group median
Revenue Growth (YoY)	13.05%	9.64%
Revenue Growth (3Y CAGR)	-4.07%	0.00%
EPS Growth (YoY)	4.81%	4.90%
EPS Growth (3Y CAGR)	-16.64%	-7.71%

Financial Strength

Current Ratio (MRQ)

Texas Instruments (TXN) has current ratio of 5.60, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

TXN

Semiconductors & Semiconductor Equipment industry group

5.60

Group distribution

Max: 10.33
Q3: 5.62
TXN: 5.60
Median: 3.33
Q1: 2.35
Min: 1.03

Largest peers

SKHY: 26.88
TXN: 5.60
NVDA: 4.59
MU: 3.31
AMD: 2.73
TSM: 2.51
AVGO: 2.50

Where Texas Instruments (TXN) stands on current ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Texas Instruments (TXN) has debt-to-equity ratio of 0.71, in the higher-leverage quartile for its industry. The heavier reliance on borrowing can make earnings, rates, or refinancing conditions matter more.

TXN

Semiconductors & Semiconductor Equipment industry group

0.71

Group distribution

Max: 1.46
TXN: 0.71
Q3: 0.65
Median: 0.27
Q1: 0.04
Min: 0.00

Largest peers

TXN: 0.71
AVGO: 0.60
NVDA: 0.17
AMD: 0.13
TSM: 0.12
SKHY: 0.05
MU: 0.04

Where Texas Instruments (TXN) stands on debt-to-equity ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Texas Instruments (TXN) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: TXN	Industry group median
Current Ratio (MRQ)	5.60	3.33
Debt / Equity (MRQ)	0.71	0.27
Net Debt / EBITDA	0.51	-0.36

Dividends

Dividend Yield (TTM)

Texas Instruments (TXN) has dividend yield of 2.04%, above the entire industry range. That headline income is large, but yields this far above peers often come from a falling share price or an at-risk payout, so dividend safety matters more than the percentage itself.

TXN

Semiconductors & Semiconductor Equipment industry group

2.04%

Group distribution

TXN: 2.04%
Max: 1.37%
Q3: 0.65%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

SKHY: 2,118.64%
TXN: 2.04%
TSM: 1.70%
AVGO: 0.89%
NVDA: 0.15%
MU: 0.09%
AMD: 0.00%

Where Texas Instruments (TXN) stands on dividend yield within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Texas Instruments (TXN) has payout ratio of 73.67%, above the peer distribution for its industry. The dividend consumes more reported earnings than peers normally do, leaving unusually thin earnings cover.

TXN

Semiconductors & Semiconductor Equipment industry group

73.67%

Group distribution

TXN: 73.67%
Max: 49.64%
Q3: 21.71%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

TXN: 73.67%
AVGO: 32.44%
TSM: 24.46%
NVDA: 3.54%
MU: 0.71%
SKHY: 0.00%
AMD: 0.00%

Where Texas Instruments (TXN) stands on payout ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Texas Instruments (TXN) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: TXN	Industry group median
Dividend Yield (TTM)	2.04%	0.00%
Dividend Payout Ratio (TTM)	73.67%	0.00%

Valuation

P/E Ratio (TTM)

Texas Instruments (TXN) trades at P/E ratio of 35.97, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

TXN

Semiconductors & Semiconductor Equipment industry group

35.97

Group distribution

Max: 110.34
Q3: 66.81
Median: 37.02
TXN: 35.97
Q1: 23.96
Min: 8.12

Largest peers

AMD: 95.95
AVGO: 37.51
TXN: 35.97
TSM: 24.33
NVDA: 23.60
MU: 9.28
SKHY: 8.12

Where Texas Instruments (TXN) stands on P/E ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Texas Instruments (TXN) trades at 12.21 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

TXN

Semiconductors & Semiconductor Equipment industry group

12.21

Group distribution

Max: 21.42
Q3: 12.27
TXN: 12.21
Median: 5.76
Q1: 2.73
Min: 0.00

Largest peers

AMD: 16.21
AVGO: 15.73
NVDA: 14.88
TXN: 12.21
MU: 5.86
TSM: 0.39
SKHY: 0.00

Where Texas Instruments (TXN) stands on P/S ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Texas Instruments (TXN) trades at 13.21 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

TXN

Semiconductors & Semiconductor Equipment industry group

13.21

Group distribution

Max: 14.06
TXN: 13.21
Q3: 7.44
Median: 4.29
Q1: 2.30
Min: 0.20

Largest peers

TSM: 71.65
NVDA: 19.68
AVGO: 14.06
TXN: 13.21
AMD: 10.77
MU: 5.64
SKHY: 3.95

Where Texas Instruments (TXN) stands on P/B ratio within its Semiconductors & Semiconductor Equipment peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Texas Instruments (TXN) metric values compared with Semiconductors & Semiconductor Equipment industry-group medians
Metric	Current stock: TXN	Industry group median
P/E Ratio (TTM)	35.97	37.02
P/S Ratio (TTM)	12.21	5.76
P/B Ratio (MRQ)	13.21	4.29
Free Cash Flow Yield (TTM)	1.88%	1.46%